Japanese shares are getting cheaper faster than any developed market as global investors regain faith in the world’s third-largest economy, with valuations declining even as the benchmark Topix index rallies.
The Netherlands and Italy became the first European teams to qualify for soccer’s 2014 World Cup, while Germany and Switzerland moved closer to berths.
Luxembourg and Austria maintained their opposition to an extended savings-tax deal, one of the European Union’s tools to speed up its fight against tax evasion.
Luxembourg will begin the automatic exchange of tax data in 2015, easing its bank-secrecy rules as part of efforts to fight the financial crisis.
The end of the Federal Reserve’s Treasury repurchase program is prompting options traders to pay the most in four years for protection against stock declines, a signal that proved bullish in the past.
Europe’s biggest companies boosted profit more than analysts estimated in the third quarter, a period that may mark the end of booming earnings growth.
Liechtenstein will decide over the next three days whether to strip its monarch of veto powers after he threatened to block moves to legalize abortion.
Acciona SA agreed to sell its portfolio of 25 car parks in Spain and Andorra to EQT Infraestructure Limited for 180 million euros, Acciona said in a regulatory filing.